Bitcoin Cash has been facing selling in the £380 to £400 resistance zone but has been finding buying support near the 20-day EMA. This is a positive sign as it suggests traders are accumulating at lower levels.
The bears had several opportunities but they could not sink Litecoin below £100 in the past few days, which suggests strong demand at lower levels.
Traders hate uncertainty and that is one of the main reasons why XRP has been languishing near its yearly lows when most major cryptocurrencies are trading near their 52-week highs.
Ether is in a strong uptrend and the bulls have pushed the price back towards the recent high at £996.45. The upsloping moving averages and the RSI in the overbought territory suggest bulls are in command.
Bitcoin dropped to £31,005 on February 28 as we had anticipated in our previous analysis. The rebound off the strong support has also been according to our expectation.
Bitcoin Cash has been facing selling in the £380 to £400 resistance zone but has been finding buying support near the 20-day EMA. This is a positive sign as it suggests traders are accumulating at lower levels.
